From: Sent: To: Subject: Have school thing, Can I call you in morning DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA David Mitchell Thursday, December 21, 2017 9:18 PM Jeffrey E. Re: Re: On Dec 21, 2017, at 4:16 PM, Jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com> wrote: now? n Th 7 4. 4 PM, David Mitchell =span dir="ltr' > wrote: <https://maps. =g> chttps://maps. =g> <https://maps. =g> can I call , what time is good DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue google.com/?q=745+Fifth+Avenue+VO=2%,1/40%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source New York NY 10151 google.com/?q=745+Fifth+Avenue+16=2V0A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source USA google.com/?q=745+Fifth+Avenue+%=2%A0Y00D+New+York+NY+10151+%0D+USA&entry=gmai=&source EFTA_R1_01795143 EFTA02604954

On Dec 21, 2017, at 4:13 PM, Jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com» wrote: im in palm On Thu, Dec 21, 2017 at 4:00 PM, David Mitchell =span dir="Ite> wrote: are you around tomorrow, DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue <https://maps.google.com/?q=745+Fifth+Avenue+16=2%A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source mg> New York NY 10151 <https://maps.google.comilq=745+Fifth+Avenue+%=2%A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source =g> USA <https://maps.google.com/?q=745+Fifth+Avenue+%=2%A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source =g> On Dec 21, 2017, at 9:35 AM, Jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com> wrote: his numbers are the same as my tummy. &nb=p; yes , i would do it. get away from it and the maniacar> On Thu Dec 21 2017 at 8:41 AM, David Mitchell =span dir="Itr"> wrote: update below, if I can get him to $3.2 net with escalatio=s it might work $60,000,000 x 5% DAVID MITCHELL Mitchell Holdings LLC 2 EFTA_R1_01795144 EFTA02604955

745 Fifth Avenue <https://maps.google.com/?q=745+Fifth+Avenue+%=2%Ar/o0D+New+York+NY+10151+%0D+USA&entry=gmai=8(source =g> New York NY 10151 <https://maps.google.com/?q=745+Fifth+Avenue+Vo=2%A0%0D+New+York+NY+10151+°/O0D+USA&entry=gmai=&source =g> USA chttps://maps.google.com/?q=745+Fifth+Avenue+%=2%AM0D+New+York+NY+10151+%0D+USA&entry=gmai=&source =g). Begin forwarded message: From: Bruno Haid Date: December 21, 2017 at 8:38:13 AM EST To: David Mitchell Cc: Subject: Re: Morning David, thanks for following up and the patience as we had our holiday party y=sterday: As mentioned we'd be looking for something where there is more flexi=ility in repositioning it towards extended stay, which I'm not sure the =urrent lender structure supports. We can do 6 months deposit and underwrit= taking on the occupancy risk with a $2.8-3MM net lease and some shared upside. Purchase wise it'd need to =e closer per key to what Thor paid for the James in Soho + air rights =assume "'$45MM). Fully understand if that doesn't work for you and agree on the decen= chance to make it well through the current phase of increasing oversupply= and of course open to any ideas you might have on your end (creative solu=ions included, after all the main advantage of a startup.) best in the meantime, Around for most of the day, at Bruno Sent from a mobile device On Dec 20, 2017, at 20:18, David Mitchell ‹ > wrote: , all the 3 EFTA_R1_01795145 EFTA02604956

Bruno are you sending me something tonight, Hope to see it soon, David DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue <https://maps.google.com/?q=745+Fifth+Avenue+Vo=r4A0Y00D+New+York+NY+10151+%0D+USA&entry=gmai=&source =g> New York NY 10151 <https://maps.google.com/?q=745+Fifth+Avenue+%=2%.A0%0D+New+York+NY+10151+%0D+USA&entry=gmai=&source =g> USA chttps://maps.google.com/?q=745+Fifth+Avenue+Vo=2%.AMOD+New+York+NY+10151+%0D+USA&entry=gmai=&source =g> please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is 4 EFTA_R1_01795146 EFTA02604957

confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 5 EFTA_R1_01795147 EFTA02604958